HomeMy WebLinkAboutJANUARY 9,1978
1
ROLL CALL
JOINT
LIABILITY
PROTECTlON
PROGRAM
I
ADJOURNMENT
22:9416 &
22:9417
MINUTES
CITY COUNCIL OF THE CITY OF ARCADIA
ADJOURNED REGULAR MEETING
JANUARY 9, 1978
The City Council of the City of Arcadia met in adjourned
regular session on January 9, 1978 at 4 p.m. in the
Arcadia City Hall Conference Room.
PRESENT:
ABSENT:
Council Members Gilb, Lauber, Margett, Parry, Saelid
None
The Finance Director informed the City Council that the
November 30, 1977 report on Joint Liability Protection Program
provides the City with the first year premium cost. The Board
of Directors had asked the City to make a decision concerning
further participation in the program and accepting the initial
premium assessment. William J. Pinckney~ representing Mund,
McLaurin and Company, insurance consultants, had been asked to
review the program and submit his comments to the City Council.
Mr. Pinckney explained the purpose of the program; how the
deposit and final premiums would be determined, maximum assessment
to the City and the proposed policy form on excess coverage
between $500,000 and total limits of $5,000,000. He said that a
similar program in Northern California has not been able to obtain
the required insurance for the excess limits and that he had
reservations about the program for the City.
Representatives of Huntington Associates, Arcadia, informed the
City Councillthat they have studied the proposed plan and they
could not recommend that the City continue to participate and
advised that negotiations are being made on a renewal of the City's
current liability coverage and alternative plans.
It was MOVED by Member Lauber, seconded by Member Gilb and carried
on roll call vote as follows that the City not participate in the
Joint Liability Protection Program and that the firm of Mund,
McLaurin continue to work with Huntington Associates in developing
a program for the next year.
AYES:
NOES:
ABSENT:
Council Members Gilb, Lauber, Margett, Parry, Saelid
None
None
At 5:10 p.m. the meeting adjourned to January 17, 1978 at 7 p.m.
in the Conference Room.
ATTEST:
,~
City Clerk
1-9-78
1
1
ROLL CALL
MINUTES
CITY COUNCIL OF THE CITY OF ARCADIA
ADJOURNED REGULAR MEETING
22:9418
The City Council of the City of Arcadia, met in adjourned
regular session on Tuesday, January 17, 1978 at 7 p.m.
in the Conference Room of the Arcadia City Hall.
PRESENT:
ABSENT:
Council Members Gilb, Margett, Parry, Saelid
Council Member Lauber
Agenda items for the regular meeting were explored.
At 7:30 p.m. the meeting adjourned sine die.
~~
Christine Van Maanen
City Clerk
1-17-78